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to illinois now, i want to go to jim in illinois. jim! >> caller: boo-yah, jim. this is jim from evanston, illinois, home of the northwestern wildcats. we love you. >> and i love northwestern. what's on your mind? >> caller: my question is rimm, should i buy or sell? >> no, we're not buying, no, no, no. salvatore in florida. >> caller: a big, big boo-yah from florida. >> i like that. go ahead, sunshine. >> caller: cisco. >> you know what? cisco, i thought they had a great quarter. i thought that things were starting to go well. and now i'm not thinking that way because telco spending is so bad, so i'm going to have to say stay away until we see the next quarter. let's go to joe in texas. >> caller: cramer, how are you? >> real good, how about you? >> caller: good, thank you, sir. mpc broke off. what do you think of that? lastly, my father-in-law, my uncle both early 60s think our economy will die if the president barack obama wins a second election. your opinion? thank you. >> i'm not a political guy. don't care for that question. marathon, i like. let's go to ro
to illinois now, i want to go to jim in illinois. jim! >> caller: boo-yah, jim. this is jim from evanston, illinois, home of the northwestern wildcats. we love you. >> and i love northwestern. what's on your mind? >> caller: my question is rimm, should i buy or sell? >> no, we're not buying, no, no, no. salvatore in florida. >> caller: a big, big boo-yah from florida. >> i like that. go ahead, sunshine. >> caller: cisco. >> you know what? cisco, i...
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i'm jim cramer. see you tomorrow. hey, larry, what are you looking at tonight? >> thanks, jimmy. superstorm sandy is winding down, but the effects linger. i'm larry kudlow, this is a special edition of "the kudlow report." sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availa
i'm jim cramer. see you tomorrow. hey, larry, what are you looking at tonight? >> thanks, jimmy. superstorm sandy is winding down, but the effects linger. i'm larry kudlow, this is a special edition of "the kudlow report." sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to...
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jim referenced ubs. that was enormous news we got. there was reporting about 10,000 people buying ubs. more importantly, the effect of shuttering of their fixed income business. they are keeping small parts of what is fixed income unit within the investment bank. ubs making a decision to get out of the fixed income business. we have talked often here at this very desk, jim, about the lack of profitability any longer and fixed income businesses for so much of wall street given not just dodd-frank but the capital free rule. they have taken r.o.e. down for these businesses. i wonder whether this move by ubs to say that we're done, we're out, is going to potentially give others at least a thought that perhaps we might consider that road when you look at ubs stock price trading up the last couple days up 12% all in both before and we knew this announcement was coming and after the announcement. does barclays say why are we in this business? >> after that quarter don't you think they should? >> when they have a big wealth management busines
jim referenced ubs. that was enormous news we got. there was reporting about 10,000 people buying ubs. more importantly, the effect of shuttering of their fixed income business. they are keeping small parts of what is fixed income unit within the investment bank. ubs making a decision to get out of the fixed income business. we have talked often here at this very desk, jim, about the lack of profitability any longer and fixed income businesses for so much of wall street given not just...
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, jim? >> good. how are you? your stock is hot. regularly it's a lot of things going right. some of your competitors falling off the radar screen. but this is a kind of business right now that you're in where i know you'll have to throw away a lot of goods because you can't keep perishables. you are obviously responsible operators so what happens? you have insurance able to make up that difference or is this the type of thing kroeger is cutting numbers because of sandy? >> well, as i said in the big supermarkets where most of those perishables are, we've been fortunate that only one store in have virginia lost power. our insurance program is we have a $5 million retention for product, the product side of our property program, so that's very minimal. $5 million is about a half a penny a share. so anything that we would have to absorb would be very minimal. >> we close our quarter actually ends this saturday. so any effect will be in the quarter. but at this point it appears to be very, very m
, jim? >> good. how are you? your stock is hot. regularly it's a lot of things going right. some of your competitors falling off the radar screen. but this is a kind of business right now that you're in where i know you'll have to throw away a lot of goods because you can't keep perishables. you are obviously responsible operators so what happens? you have insurance able to make up that difference or is this the type of thing kroeger is cutting numbers because of sandy? >> well, as...
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thank you very much, jim cantore, for that report. >>> look. some of the gas going to jim's turnpike station is refined in the new york area and moved by truck. bull but much of the gas that arrives in new york area comes by barge or tanker. sandy's surge closed the harbor, crimping supplies. it's coming back online slowly. we go to kate kelly for that part of the story. good evening, kate. >> reporter: hi, larry. we're looking at new york harbor where things are gradually coming back to life about a week after the coast guard shut this area down. yesterday, however, they opened the port of new york and new jersey to boats for the first time since saturday with a special aim in mind, bringing gasoline and diesel to new york for a much-needed replenishment of empty fuel stations. there was an influx of barges bringing petroleum products in the afternoon, i'm told, followed by additional traffic this morning. the opening of this harbor and today's news of the jones act waiver are steps in the right directions to replenish gas supplies. officials
thank you very much, jim cantore, for that report. >>> look. some of the gas going to jim's turnpike station is refined in the new york area and moved by truck. bull but much of the gas that arrives in new york area comes by barge or tanker. sandy's surge closed the harbor, crimping supplies. it's coming back online slowly. we go to kate kelly for that part of the story. good evening, kate. >> reporter: hi, larry. we're looking at new york harbor where things are gradually coming...
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plus or minus 30 cents when we get there. >> nice margins, was that a crack spread, jim? >> yes, what's so interesting, i tell you, joe. after that discussion, a lot of the refiners were coming out saying we can't do business in california. california's been hijacked by academics environmentalists, all the refining cooperations in california have led to major declines for a lot of companies who said theyill doing very well. somebody said something about cap and trade, california must start to feel a little too much like europe. >> great, great, we are finding common ground. >> he had the ceo of eatono. preparing those transmission lines. >> the combination of cooper and eaton is really designed to make it so the transmission system worldwide is upgraded so that when you have 6 million to 8 million people without power, they can call him. >> tomorrow on "squawk box," one final employment report before the presidential election, one last read on job before america votes for its nec leader. we'll bring you the numbers and analysis from our annal of experts. it all starts tom
plus or minus 30 cents when we get there. >> nice margins, was that a crack spread, jim? >> yes, what's so interesting, i tell you, joe. after that discussion, a lot of the refiners were coming out saying we can't do business in california. california's been hijacked by academics environmentalists, all the refining cooperations in california have led to major declines for a lot of companies who said theyill doing very well. somebody said something about cap and trade, california...
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i agree with jim up until his last few sentences. if there's anybody making their vote decision based on today's jobs report i urge them to reconsider their strategy because first of all the expectations are for basically steady as she goes and secondly, anything that's a big outlier, an upside surprise, downside surprise is by definition an outlier that will likely be revised away. debris with jim, i don't believe it's going to be that big a deal in shaping at all in shaping votes. >> jared we have a mayor that decided that he changed his at least decided his endorsement based on sandy, remember the first promise president obama made, too. >> i thought that was interesting. >> he said i'm going to heal the planet and lower the rise of the oceans, remember, in nt from of the pillars in germany. i guess we're back to thinking he can do that again. we have a mayor people hold up as a paragon of -- >> let me say where i disagree with jim. i don't think folks are looking at this economy and saying oh, the level of unemployment or the lev
i agree with jim up until his last few sentences. if there's anybody making their vote decision based on today's jobs report i urge them to reconsider their strategy because first of all the expectations are for basically steady as she goes and secondly, anything that's a big outlier, an upside surprise, downside surprise is by definition an outlier that will likely be revised away. debris with jim, i don't believe it's going to be that big a deal in shaping at all in shaping votes. >>...
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think it was in september on his show, he actually said that pvc deal should happen, so big props to jim cramer on that. >> just to see the size of these deals, the goldman sachs and morgan stanleys, i think also the ma activity will pick up. >>> a name moving in superstorm sandy's wake -- saying that five times fast -- michelle caruso-cabrera probably can. >> intuitive that home depot would be the best performing mover. hasn't been able to trade for two days, plus decent housing data as well. a gain of a buck 54 to 61.58. scott, back to you. >> guys, have you missed your opportunity on home depot? we've been talking about it now for the better part of the week. >> i agree with what simon said. i think these obvious trades are johnny come lately trades at this point. >> home depot up 2.5%, it's really already made the move. i think you're saiding yourself up for rf tdisappointment. on the flip side, you possibly want to get into some of the superiority and casualty insurers like chu about ub, i think they're good buys on the sell-off. >> what about lowe's or any of those related names? >
think it was in september on his show, he actually said that pvc deal should happen, so big props to jim cramer on that. >> just to see the size of these deals, the goldman sachs and morgan stanleys, i think also the ma activity will pick up. >>> a name moving in superstorm sandy's wake -- saying that five times fast -- michelle caruso-cabrera probably can. >> intuitive that home depot would be the best performing mover. hasn't been able to trade for two days, plus decent...
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. >> jim cramer remark this morning these 100-year storms is happening every few years. certainly there is a need for that dunk, you will come on and update us as needed? >> i will and i will be in very early tomorrow morning, so bob, if you're there happy to sit with you guys tomorrow and then we will have a very good lay of the land early tomorrow morning. >> good luck, duncan, hope it goes smoothly. best of luck. >> see you tomorrow. >> see you, guys. >> an interesting halloween morning, won't it? >> as you say, it is important for them to open on this, the last day of the month, for a variety of reasons. >> yeah the important thing is there are a lot of people who have, their p and l statement, report to their investors on a monthly base is and tomorrow is the last day of the month, some people want the opportunity, traders, to sell losers, buy winners or whatever trading strategy they want to do the final day call it window dressing on some cases, whatever you want to say and some people, too, it is even the end of the year for some funds and even more important. >>
. >> jim cramer remark this morning these 100-year storms is happening every few years. certainly there is a need for that dunk, you will come on and update us as needed? >> i will and i will be in very early tomorrow morning, so bob, if you're there happy to sit with you guys tomorrow and then we will have a very good lay of the land early tomorrow morning. >> good luck, duncan, hope it goes smoothly. best of luck. >> see you tomorrow. >> see you, guys. >>...
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jim and carl, of course, a lot of famous residents, a lot of homes that are worth multimillions here. the concern is the wind damage because a lot of those are up on the hill. they don't think the storm surge will reach a lot of those homes. back to you. >> thanks so much, brian shactman in montauk. made the point about insurers early in the program. >> they're ready. >> tonight on "mad?" >> there is some news. allen mckim, buying -- >> booking on a day like today is not easy. >> thank you, buddy. >> that does it for "squawk on the street." let's get to the fast money halftime, right over there. >> carl, thanks very much. welcome to a special edition of the halftime report. we're tracking the very latest from hurricane sandy as it churns towards the northeast with more than 50 million people in its path. the superstorm now expected to slam into the south central new jersey coast sometime later this evening. power outages expected to be widespread. transit systems from new york to boston already shut down. nearly 8,000 flights canceled thus far. financial markets are closed as well and
jim and carl, of course, a lot of famous residents, a lot of homes that are worth multimillions here. the concern is the wind damage because a lot of those are up on the hill. they don't think the storm surge will reach a lot of those homes. back to you. >> thanks so much, brian shactman in montauk. made the point about insurers early in the program. >> they're ready. >> tonight on "mad?" >> there is some news. allen mckim, buying -- >> booking on a day...
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jim, i need to give you a shout-out. you were right. you recommended that only a month ago and they bought it. >> september 18th. he spent 2.9 billion and it's more creative than i thought. the divisions that he runs of calvin klein, jeans and underwear, remarkable underperformer. it's a huge win. stock up gigantically. >> now they can wear a shirt. >> they have the whole top to bottom outfit. this is just a total win. you remember tommy hilfiger is why they had growth. starting to run out of growth. >> what's the vibe down there in terms of volume and a sense of being back in the building? i saw tweets and pictures of darkness around the new york stock exchange. >> it's tough to illustrate right here from here from our cameras because this building is the only building that is lit for a two or three-mile square radi radius. they loaded fuel trucks. 48 hours on a single truck of fuel. reloaded in necessary. you heard about connections that will affect internet trading. it will be interesting. when you trust the infrastructure as you tra
jim, i need to give you a shout-out. you were right. you recommended that only a month ago and they bought it. >> september 18th. he spent 2.9 billion and it's more creative than i thought. the divisions that he runs of calvin klein, jeans and underwear, remarkable underperformer. it's a huge win. stock up gigantically. >> now they can wear a shirt. >> they have the whole top to bottom outfit. this is just a total win. you remember tommy hilfiger is why they had growth....
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jim cramer said there's so much negativity even if cook promoted these guys you'd probably see the stock trade down. >> apparently ives and forstall would not sit in the same meeting room together. >> that's an issue. >> according to a story i saw in the "new york times" this morning he had been asked to sign the original letter that tim cook signed apologizing to everybody over maps and he refused to sign it and said this was, i don't want to say a temp nest a teapot but that was jamie dimon's issue but not worth apologizing for and now he doesn't have a job so he may wish he apologized. >>> we'll get the latest reading on home prices with the ca case-shiller report out at 9:00 a.m. eastern. the house postponed the release of the consumer confidence report until thursday. >>> ford released profits, ten cents above consensus. it reported record north american results with highest ever profits in that region. >>> we continue our coverage of hurricane sandy, and its effects on the markets. the weather channel's jen carfagno joins with us the storm's latest track. jen? >> andrew, good morni
jim cramer said there's so much negativity even if cook promoted these guys you'd probably see the stock trade down. >> apparently ives and forstall would not sit in the same meeting room together. >> that's an issue. >> according to a story i saw in the "new york times" this morning he had been asked to sign the original letter that tim cook signed apologizing to everybody over maps and he refused to sign it and said this was, i don't want to say a temp nest a...
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so if we get a new chairman, they're going to -- >> we have to go with breaking news, jim. sorry. thanks for being here. what's the breaking news? >> wayne angel, man, that takes me back. a few moments ago the homeland security secretary issuing a waiver of the jones act which means additional oil tankers will have access to ports in the northeast. it's a big deal, crude is moving. our sharon epperson has reaction. sharon? >> it's all traders are buzzing about. it's a huge story for the energy markets. we've seen an immediate reaction. oil prices falling here by about $2. $85.19 was the low of the session. big drops, 2% or so, in gasoline and in heating oil as well. this certainly alleviates the bottle neck issue that is have been happening around the new york, new jersey area and this is something that is very rare for this to occur, but this situation is as dire as it is and the need for supplies in the northeast is as dire as it is. the reaction immediate in the energy markets. we've even seen crude prices down about $1 or so. but the biggest reaction definitely in the products
so if we get a new chairman, they're going to -- >> we have to go with breaking news, jim. sorry. thanks for being here. what's the breaking news? >> wayne angel, man, that takes me back. a few moments ago the homeland security secretary issuing a waiver of the jones act which means additional oil tankers will have access to ports in the northeast. it's a big deal, crude is moving. our sharon epperson has reaction. sharon? >> it's all traders are buzzing about. it's a huge...